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Economy MCQ Questions & Answers

Economy MCQs : This section focuses on the "Economy". These Multiple Choice Questions (MCQs) should be practiced to improve the Economy skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.




Question 1

What is the GDP growth rate prediction of India as per Moody's in FY22?

A. 10.10%
B. 9.30%
C. 7.60%
D. 8.70%

View Answer

Question 2

The advance tax collection increased by 53.50 percent to how much for 2021 -2022?

A. Rs 3.60 lakh crore
B. Rs 2.60 lakh crore
C. Rs 1.60 lakh crore
D. Rs 4.60 lakh crore

View Answer

Question 3

What is the projected GDP growth rate of India in FY22 as per IMF's latest world economic outlook?

A. 10%
B. 9%
C. 8%
D. 7%

View Answer

Question 4

All International passengers will have to undergo mandatory quarantine for how many days as per the latest government guidelines?

A. 14 days
B. 7 days
C. 10 days
D. 3 days

View Answer

Question 5

Government has announced the extension of the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), to cover all fraud cases above what amount?

A. Rs 1 crore
B. Rs 50 crore
C. Rs 3 crore
D. Rs 20 crore

View Answer

Question 6

"Vayam Rakshamah" or "We Protect" is the theme of which armed force of India?

A. Indo-Tibetan Border Police
B. Indian Coast Guard
C. Border Security Force
D. Assam Sentinels

View Answer

Question 7

What percent of stake has been acquired by NTPC Vidyut Vyapar Nigam Ltd. (NVVN) in Power Exchange of India Ltd?

A. 11%
B. 8%
C. 7%
D. 5%

View Answer

Question 8

What is the GDP growth rate projection for India in FY23 as per Moody's?

A. 9.00%
B. 7.90%
C. 8.10%
D. 6.50%

View Answer

Question 9

Centre has been approved to continue the MPF Scheme. How much amount has been allocated to the scheme for five years?

A. Rs. 21,270 cr
B. Rs. 29,280 cr
C. Rs. 26,275 cr
D. Rs. 23,285 cr

View Answer

Question 10

What is the percentage of Women representation of board seats in India in 2021, as per 'Women in the Boardroom report'?

A. 27.1
B. 4.1
C. 17.1
D. 7.1

View Answer

Question 11

S&P Global Ratings has projected India's GDP for FY22 at which percent?

A. 9.50%
B. 8.20%
C. 10.30%
D. 7.10%

View Answer

Question 12

What amount of project readiness financing (PRF) loan has been signed between India and ADB to support urban mobility in Aizawl in Mizoram?

A. $4.5 million
B. $3.5 million
C. $2.5 million
D. $5.5 million

View Answer

Question 13

What is the Digital Payments Index (DPI) for September 2021 as per RBI data?

A. 367.87
B. 304.06
C. 459.38
D. 270.59

View Answer

Question 14

What amount of maximum subsidy on purchasing drones for farm mechanization has been approved under the Sub-Mission on Agricultural Mechanization?

A. Rs 5 lakh
B. Rs 10 lakh
C. Rs 7 lakh
D. Rs 12 lakh

View Answer

Question 15

Name the Best marching contingent of the defence sector during the Republic Day parade?

A. Indian Airforce
B. India Army
C. Indian Coast Guard
D. Indian Navy

View Answer

Question 16

According to ICRA Ltd, what is the estimated GDP growth rate of India for the financial year 2022-2023?

A. 10%
B. 9%
C. 8%
D. 7%

View Answer

Question 17

AS per the Reserve Bank of India data, the foreign exchange reserves of India stood how much in the week ended January 07, 2022?

A. $637.196 billion
B. $632.736 billion
C. $633.576 billion
D. $634.856 billion

View Answer

Question 18

What is GST on electric vehicles in India?

A. 5%
B. 10%
C. 1%
D. 4%

View Answer

Question 19

The Union Cabinet has granted central support for the Ken-Betwa inter-linking of rivers project in how much amount?

A. Rs 36,755 crore
B. Rs 40,555 crore
C. Rs 42,321 crore
D. Rs 39,317 crore

View Answer

Question 20

How much amount will be invested by the Asian Infrastructure Investment Bank in the project for the development of data centres that mostly serve Emerging Asia?

A. USD 100 million
B. USD 150 million
C. USD 200 million
D. USD 300 million

View Answer

Question 21

How much amount of loan assistance has been granted by the Government of India to Sri Lanka to help the island nation overcome its depleted foreign reserves?

A. USD 800 million
B. USD 900 million
C. USD 500 million
D. USD 700 million

View Answer

Question 22

What is the projected GDP growth estimate of India in FY21 (2020-21) as per the first revised estimates released by NSO?

A. 7.60%
B. 7.30%
C. 6.60%
D. 6.10%

View Answer

Question 23

How much did the Rail-cum-Road Bridge Over River Ganga In Bihar cost?

A. Rs 696 crore
B. Rs 690 crore
C. Rs 606 crore
D. Rs 666 crore

View Answer

Question 24

What is the existing annual income limit for the identification of the economically weaker section (EWS)?

A. Rs 6 lakh
B. Rs 8 lakh
C. Rs 9 lakh
D. Rs 10 lakh

View Answer

Question 25

As per the 'Digital 2021: October Global Snapshot", what is the world's population that uses a mobile phone?

A. 45%
B. 65%
C. 50%
D. 52%

View Answer

Question 26

Which General Insurance Company has launched a campaign titled '#BahaneChhodoTaxBachao'?

A. SBI General Insurance Company
B. Oriental Insurance Company
C. Bharti AXA General Insurance
D. Religare Insurance Company

View Answer

Question 27

ADB has projected India's economic growth for 2021-2022 at which percent?

A. 10.00%
B. 9.70%
C. 5.90%
D. 8.90%

View Answer

Question 28

India Ratings and Research has projected India's FY22 GDP growth forecast at which percent?

A. 9.40%
B. 6.40%
C. 10.10%
D. 8.60%

View Answer

Question 29

What is the interest rate on employees' provident fund (EPF) deposits for 2020-21?

A. 7.40%
B. 8.50%
C. 8.10%
D. 6.10%

View Answer

Question 30

What is the gross GST revenue collected in November 2021?

A. Rs. 1,02,709 crores
B. Rs. 1,16,393 crores
C. Rs. 1,17,010 crores
D. Rs 1,31,526 crores

View Answer

Question 31

How much amount has been approved by the government under the PLI Scheme for the textile sector?

A. Rs 10,683 crore
B. Rs 11,853 crore
C. Rs 9,523 crore
D. Rs 13,743 crore

View Answer

Question 32

What is the GDP growth rate of India in FY22 as per Brickwork Ratings?

A. 10-10.5 percent
B. 8-10.5 percent
C. 7-10.5 percent
D. 9-10.5 percent

View Answer

Question 33

As per the report of Goldman Sachs, what is the projected GDP growth rate of the Indian economy in the financial year 2021-22?

A. 8.80%
B. 10.50%
C. 9.10%
D. 7.20%

View Answer

Question 34

How much amount has been allocated under the PLI scheme for drones and drone components?

A. Rs 200 cr
B. Rs 120 cr
C. Rs 95 cr
D. Rs 150 cr

View Answer

Question 35

International Labour Organisation has projected how much global unemployment in 2022?

A. 150 million
B. 207 million
C. 200 million
D. 215 million

View Answer

Question 36

How much amount has been granted by the ADB to the Government of India through a sovereign loan in 2021?

A. USD 2.9 billion
B. USD 5.1 billion
C. USD 3.7 billion
D. USD 4.6 billion

View Answer

Question 37

As per UBS Securities, what is the projected GDP growth rate projection of India in 2021-22?

A. 9.50%
B. 10.50%
C. 8.50%
D. 11.50%

View Answer

Question 38

The name of UTI bank ltd was changed in 2007 as which of the following?

A. AXIS bank
B. YES Bank
C. Indian Bank
D. Federal Bank

View Answer

Question 39

OECD has projected India's economic growth forecast at which percent for FY22?

A. 10.70%
B. 9.40%
C. 9.90%
D. 8.70%

View Answer

Question 40

Economic Survey 2021-2022 has projected how much growth in India's GDP in FY23?

A. 8 - 8.5 percent
B. 10.5 percent
C. 9.2 percent
D. 7 - 7.5 percent

View Answer

Question 41

According to the IMF, what is the estimated global GDP growth projection in 2022?

A. 3.90%
B. 3.70%
C. 4.90%
D. 4.40%

View Answer

Question 42

As per the World Employment and Social Outlook - Trends 2022 report, the global unemployment level in 2022 is estimated at what?

A. 207 million
B. 175 million
C. 189 million
D. 251 million

View Answer

Question 43

Union Cabinet approved a how many crore production linked incentive (PLI) scheme for boosting semiconductors?

A. Rs 86,000 crore
B. Rs 46,000 crore
C. Rs 66,000 crore
D. Rs 76,000 crore

View Answer

Question 44

The Ministry of Finance has issued guidelines to be adopted by all public sector banks on Staff Accountability Framework for NPA Accounts up to how much amount?

A. Rs 45 crore
B. Rs 75 crore
C. Rs 50 crore
D. Rs 25 crore

View Answer

Question 45

SEBI has directed the mutual fund (MF) industry to set up an audit committee at the asset management company (AMC) level. What is the minimum number of directors required in this audit committee?

A. 5
B. 3
C. 6
D. 8

View Answer

Question 46

How much amount has been paid by India towards the United Nations regular budget assessment for the year 2022?

A. USD 20.3 million
B. USD 17.5 million
C. USD 31.7 million
D. USD 29.9 million

View Answer

Question 47

How much amount has been approved to boost semiconductor manufacturing?

A. Rs 72,000-crore
B. Rs 76,000-crore
C. Rs 70,000-crore
D. Rs 75,000-crore

View Answer

Question 48

In the Calendar year 2022, what is the estimated growth rate of the Indian economy as per the United Nations' report?

A. 5.40%
B. 6.70%
C. 7.50%
D. 8%

View Answer

Question 49

How many members are there in the expert committee constituted by the Supreme Court to probe the Pegasus snooping allegations?

A. Four
B. Three
C. Six
D. Five

View Answer

Question 50

What is the current rate of Marginal Standing Facility?

A. 4.25%
B. 4.35%
C. 4.55%
D. 4.00%

View Answer

Question 51

What is the interest rate on EPF deposits for 2020-21?

A. 6.10%
B. 8.90%
C. 7.40%
D. 8.50%

View Answer

Question 52

As of January 1, 2022, what is the estimated population of the world, as per the US Census Bureau?

A. 9.8 billion
B. 3.8 billion
C. 7.8 billion
D. 5.8 billion

View Answer

Question 53

How much amount of the fund has been allocated to the Scheme of "Rashtriya Yuva Sashaktikaran Karyakram, which has been extended for five years from 2021 to 2026?

A. Rs 2,100.45 crore
B. Rs 2,710.65 crore
C. Rs 1,551.75 crore
D. Rs 1,486.55 crore

View Answer

Question 54

As per the UNCTAD data, the FDI in India in 2021 was recorded what percent lower than in 2020?

A. 26%
B. 25%
C. 29%
D. 21%

View Answer

Question 55

As per Brickworks Ratings, the FY22 GDP growth forecast of India is estimated at what per cent?

A. -8.50%
B. 10-10.5%
C. 9.5-10%
D. 8.5-9%

View Answer

Question 56

What is the revised investment limit set by RBI for Voluntary Retention Route (VRR) for investments by Foreign Portfolio Investors?

A. Rs. 3,00,000 cr
B. Rs. 2,50,000 cr
C. Rs. 2,00,000 cr
D. Rs. 3,50,000 cr

View Answer

Question 57

What was the amount of global FDI flow in 2021 as per UNCTAD Global Investment Trends Monitor?

A. USD 1.45 trillion
B. USD 1.25 trillion
C. USD 1.65 trillion
D. USD 1.85 trillion

View Answer

Question 58

In which Indian Navy Ship has been the Hindustan Aeronautics Limiteds ALH MK III aircraft formally inducted?

A. INS Dhruv
B. INS Chennai
C. INS Brahmaputra
D. INS Utkrosh

View Answer

Question 59

India is to convert how many villages into 'Village of Excellence' in partnership with Israel?

A. 200
B. 150
C. 165
D. 148

View Answer

Question 60

Bharat Dynamics Limited (BDL) and the Indian Army have signed a deal refurbishment of IGLA-1M missiles worth of?

A. Rs 371.41 crore
B. Rs 571.41 crore
C. Rs 271.41 crore
D. Rs 471.41 crore

View Answer

Question 61

What amount of capital infusion has been announced by the Ministry of New and Renewable Energy in the Solar Energy Corporation of India?

A. Rs 900 crores
B. Rs 700 crores
C. Rs 1200 crores
D. Rs 1000 crores

View Answer

Question 62

Premier Pro-Stock 301-400cc category title at the National Motorcycle Racing Championship. Which title did Rajini Krishnan win?

A. 16th
B. 10th
C. 12th
D. 11th

View Answer

Question 63

Which of the following real estate firm will develop a 500000 sq ft shopping Mall in Jammu & Kashmir?

A. Omaxe Group
B. China Evergrande Group
C. DLF Group
D. Emaar Group

View Answer

Question 64

According to United Nations' WESP 2022 Report, what is the estimated growth rate of the Indian economy in FY 2022?

A. 5.10%
B. 7.50%
C. 8.30%
D. 6.50%

View Answer

Question 65

The Ministry of Electronics and Information Technology has released a 5-year roadmap and Vision Document 2.0 to achieve US$300 billion Sustainable Electronics Manufacturing & Exports by which year?

A. 2024
B. 2026
C. 2035
D. 2030

View Answer

Question 66

What is the projected GDP growth rate of India in 2022-23 as per the recent MPC meeting in February 2022?

A. 8.10%
B. 7.20%
C. 7.80%
D. 6.20%

View Answer

Question 67

What is the maximum limit of Aadhaar-enabled cash withdrawal transactions, per customer, per terminal per day, as per NPCI?

A. Three
B. Five
C. Two
D. Seven

View Answer

Question 68

What amount of line of credit has been extended to Mauritius for the Metro Express Project?

A. $170-million
B. $180-million
C. $190-million
D. $200-million

View Answer

Question 69

Which financial institution has approved a USD 250 million loan to support NICDP in India?

A. Asian Infrastructure Investment Bank (AIIB)
B. World Bank
C. UNDP
D. Asian Development Bank (ADB)

View Answer

Question 70

In the latest SBI Ecowrap report, what is the projected GDP growth rate of India in FY22?

A. 9.30%
B. 9.50%
C. 9.10%
D. 9.70%

View Answer

Question 71

EPFO have been allowed to invest what percent of their annual deposit in the AIFs?

A. 7%
B. 5%
C. 4%
D. 3%

View Answer

Question 72

What is the estimated GDP growth rate of India in FY22, as per the latest projection of UBS Securities?

A. 7.50%
B. 10.10%
C. 8.40%
D. 9.10%

View Answer

Question 73

Fitch Ratings slashed India's FY22 GDP Growth Forecast to how much percent?

A. 8.40%
B. 8.60%
C. 8.30%
D. 8.50%

View Answer

Question 74

What is the revised estimated GDP growth rate of India in the Calendar Year 2021 according to Goldman Sachs?

A. 9%
B. 10%
C. 8%
D. 7%

View Answer

Question 75

Which is a central problem of an economy ?

A. Allocation of Resources
B. Optimum Utilization of Resources
C. Economic Development
D. All of these

View Answer

Question 76

What amount of capital infusion has been approved by the cabinet in the Indian Renewable Energy Development Agency Limited, (IREDA) in 2022?

A. Rs 2,500 crore
B. Rs 1,500 crore
C. Rs 1,000 crore
D. Rs 2,000 crore

View Answer